Downtown Glendale Association

Analysis

Downtown Glendale Association is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Downtown Glendale Association reported income of $1.4m and spending of $1.5m, spending 110% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income fell from $1.5m to $1.4m (-4.7%), an average of -1.2% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Glendale Association sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Community Work Services Inc ($1.4m), MSMC Realty Corporation ($1.4m) and Great Lakes Cities Initiative ($1.4m).

On its Form 990 for the period ending November 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $509k against liabilities of $0, net assets of $509k.